Industrial Contractor Bay
1431 Hilldale Ave #5 Haverhill, MA 01832
1431 Hilldale Ave #5, Haverhill, MA, 01832
$575,000
For Sale
$575,000
New steel contractor bay condo with 23-foot ceilings, 14-foot overhead door, mezzanine, and deeded parking.
Property Size2,442 SF
Price / SF$235.46
Days on Market16
Property Features for 1431 Hilldale Ave #5
General Information
- Standard status
- Active
- Size
- 2,442 SF
Building Details
- Year Built
- 2026
Listing agency
Four Points Real Estate, LLC
(617) 306-3926
Listed by
Chapman Real Estate Group
Source
Laerrealty
Added: Jul 7 Updated: Jul 21 at 9:26PM Checked: Jul 21 at 9:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Four Points Real Estate, LLC
Investment Insights
Based on property information with market context.
This brand new steel industrial/commercial contractor bay is offered as part of an eight-unit condo building. Each condo unit totals 2,442 square feet and includes 23-foot ceilings, a 14-foot overhead door, and a 600-square-foot mezzanine. Units also feature a first-floor half bath with a slop sink. Heat is provided by a gas Modine system.
The building is fully sprinkled and equipped with fire alarms. Each unit includes five deeded outdoor parking spaces, and the property also provides the ability to park vehicles inside.
The site is described as being 1 mile from Plaistow shopping and 2 miles from Route 495, supporting convenient access for contractor and industrial operations.
The building is fully sprinkled and equipped with fire alarms. Each unit includes five deeded outdoor parking spaces, and the property also provides the ability to park vehicles inside.
The site is described as being 1 mile from Plaistow shopping and 2 miles from Route 495, supporting convenient access for contractor and industrial operations.
Key Highlights
- Brand‑new steel contractor bay condo building built in 2026
- 8 total condo units, each offering 2,442 SF with 23‑ft ceilings and a 14‑ft overhead door
- Each unit includes a 600 SF mezzanine plus a first‑floor half bath with slop sink
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.3k | $28.80 |
| − Vacancy | −$4.8k | −$1.96 |
| EGI | $65.5k | $26.84 |
| − OpEx | −$22.9k | −$9.39 |
| NOI | $42.6k | $17.45 |
2,442 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$608.7K
$532.6K – $710.1K
NOI $42,606 @ 7.0% cap · market cap 7.41%
Second Best
Warehouse
$450.6K
$394.3K – $525.7K
NOI $31,542 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.45M
$1.26M – $1.69M
NOI $101,196 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - New steel contractor bay condo with 23-foot ceilings, 14-foot overhead door, mezzanine, and deeded parking.
Where is this flex space located?
The property is located at 1431 Hilldale Ave #5 Haverhill, MA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Brand‑new steel contractor bay condo building built in 2026; 8 total condo units, each offering 2,442 SF with 23‑ft ceilings and a 14‑ft overhead door; Each unit includes a 600 SF mezzanine plus a first‑floor half bath with slop sink
